Global LPG trade buoyed by India

Aug 31:
Global seaborne LPG trade grew by 4% year over year in Q2 2018 but despite a decline in Chinese and Japanese imports, it was India's 35% rise in imports that lifted the spirits of the industry. 8As of 31 July 2018, the global VLGC fleet stands at 261 vessels after growing by six vessels year to date. Five vessels were also scrapped and 11 new buildings were ordered. A further three vessels are set for delivery in 2018, with 22 delivering in 2019 and 12 in 2020.8While there has been a recent uptick in freight rates, the short-term outlook remains cautiousClick on Reports to find out why.